Key takeaways
- VeChain price projection suggests a peak price of $0.15 by December 2024.
- Traders can expect a minimum price of $0.26 and a maximum price of $0.31 by 2027.
- By 2030, VeChain’s price could potentially surge to $0.50.
Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for global supply chain, transparency, product authentication, and data management.
Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As the VeChain network continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.
VeChain overview
| Cryptocurrency | VeChain |
| Token | VET |
| Price | $0.04474 |
| Market Cap | $3.62B |
| Trading Volume (24-h) | $69.81M |
| Circulating Supply | 80.98B VET |
| All-time High | $0.2782, Apr 17, 2021 |
| All-time Low | $0.001678, Mar 13, 2020 |
| 24-h High | $0.04646 |
| 24-h Low | $0.04258 |
VeChain price prediction: Technical analysis
| Sentiment | Bearish |
| 50-Day SMA | $0.0458 |
| 200-Day SMA | $0.0298 |
| Price Prediction | $0.0974 (117.75%) |
| F & G Index | 15.54 (extreme fear) |
| Green Days | 15/30 (50%) |
| 14-Day RSI | 32.20 |
VeChain price analysis
TL;DR Breakdown
- VeChain price analysis shows a bearish outlook.
- The VET coin has fallen by over 1.5% today
The VeChain price analysis for December 30 shows VET fell towards the $0.04400 mark before eventually stabilizing around the $0.04450 level. The broader cryptocurrency market observed bearish sentiment over the last 24 hours as most major cryptocurrencies recorded negative price movements.
VeChain price analysis 1-day chart: VET returns to $0.04450 after rejection at $0.08000
The 24-hour VET/USD price chart indicates a broader bullish trend as prices move toward the $0.05200 level. The lack of bullish support between $0.08000 and $0.05000 suggests strong bearish activity in the short-term markets, which has dictated price action in the mid-term charts.
The indicators reflect a rising bullish dominance, as all three major technical indicators signal a strong bullish trend. The MACD is bearish at -0.00124, showing steady bearish momentum. The EMAs are above the mean position, and the indicator shows strong bearish momentum. The RSI also shares this sentiment, falling to 43.67. The diverging Bollinger Bands suggest increasing volatility, indicating that the $0.04400 support may not hold for the short term.
VeChain price analysis 4-hour chart
The 4-hour price chart of VET shows a steady drop to $0.04000 before the price recovered back to $0.04400 and eventually broke past the $0.05000 level. However, the bulls could not maintain the level and the price fell back to the $0.04400 level.
The RSI is at 47.23, suggesting that the index is at the neutral zone, which indicates room for a further short-term price decrease. Moreover, the horizontal slope suggests steady movement to the $0.0440 level instead of a rise to the $0.05000 mark. The MACD suggests steady bearish momentum, with the indicator at -0.00016. These indicators collectively suggest rising bearish pressure at the current price level.
VeChain technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
|---|---|---|
| SMA 3 | $ 0.054018 | SELL |
| SMA 5 | $ 0.051772 | BUY |
| SMA 10 | $ 0.052059 | BUY |
| SMA 21 | $ 0.056071 | SELL |
| SMA 50 | $ 0.043271 | BUY |
| SMA 100 | $ 0.03314 | BUY |
| SMA 200 | $ 0.029571 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
|---|---|---|
| EMA 3 | $ 0.051634 | BUY |
| EMA 5 | $ 0.053375 | SELL |
| EMA 10 | $ 0.055491 | SELL |
| EMA 21 | $ 0.054176 | SELL |
| EMA 50 | $ 0.045419 | BUY |
| EMA 100 | $ 0.037638 | BUY |
| EMA 200 | $ 0.033236 | BUY |
What to expect from VeChain price analysis?
The VeChain price analysis shows that the VeChain market observes strong bearish momentum, causing the price to fall from the $0.05300 mark towards the $0.0400 mark. While the bulls found strong support at $0.05000 and rose past $0.05400, the buyers found it difficult to cross the $0.05500 level.
Traders should expect VET to consolidate above the $0.04300 mark as the bulls continue to gain momentum across the daily charts. Moreover, the rising trade volume suggests increasing trade activity for the asset, suggesting a momentum change. As such, the price can be expected to move between the $0.04400 and $0.04800 price levels across the short-term charts. However, a decline below the $0.04400 mark may send the price to $0.04000.
Is Vechain a good investment?
VeChain stands out in cryptocurrency because it focuses on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations appeal to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, the VeChain blockchain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.
Why is VET up?
VeChain’s price hit a key support level as the bears crushed support levels above the $0.04000 mark. However, the $0.04000 support has held on and the price of vet itself has risen past $0.06000 as the selling pressure has declined.
Will VeChain reach $0.10?
Reaching $0.10 is ambitious and would require significant adoption and market growth. While possible, it’s uncertain and would depend on multiple factors, including the movement of the broader cryptocurrency market.
Does VET have a good long-term future?
VET has a good long-term future due to its strong use cases, growing adoption, and active development team.
Recent news/opinion on Vechain
VeChain announced that the network is undergoing a massive upgrade called VeChain Renaissance
VeChain price prediction December 2024
In December 2024, the price of VeChain is anticipated to reach a minimum of $0.0250. The VET price can be expected to peak at $0.0467, maintaining an average of $0.0670 by the end of the month.
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) |
| December | 0.0250 | 0.0467 | 0.067 |
VeChain price prediction 2024
In 2024, the price of the VeChain coin is anticipated to touch a minimum of $0.0602. The VET price might peak at $0.15, maintaining an average of $0.14 by the end of the year.
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $0.0602 | $0.14 | $0.15 |
VeChain price prediction 2025-2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $0.14 | $0.16 | $0.17 |
| 2026 | $0.20 | $0.23 | $0.24 |
| 2027 | $0.26 | $0.29 | $0.31 |
| 2028 | $0.26 | $0.29 | $0.31 |
| 2029 | $0.32 | $0.35 | $0.37 |
| 2030 | $0.45 | $0.50 | $0.50 |
VeChain (VET) Price Prediction 2025
For 2025, VeChain (VET) is expected to reach a minimum price of $0.14. It could potentially climb to a high of $0.17, averaging around $0.16.
VET Price Prediction 2026
By 2026, VeChain’s price is projected to trade at a minimum value of $0.20. It might surge to a high of $0.24, with an average price hovering around $0.23.
VeChain (VET) Price Prediction 2027
Come 2027, VeChain is estimated to trade at a minimum of $0.26. The price might reach a maximum price of $0.31, with an average value of $0.29.
VeChain (VET) Price Prediction 2028
In 2028, VeChain’s price will likely hit a floor of $0.26. Based on analysis, it could peak at $0.31, with an average price of $0.29.
VeChain Price Prediction 2029
The VeChain price prediction for 2029 projects a minimum price of $0.32, a maximum price of $0.37, and an average trading price of $0.35.
VeChain (VET) Price Prediction 2030
In 2030, VeChain could be trading at a both minimum and maximum prices of $0.45. The price might soar to $0.50, maintaining an average of $0.50
VeChain market price prediction: Analyst’s VET price forecast
| Firm | 2024 | 2025 |
| Coincodex | $0.0333 | $0.1278 |
| DigitalCoinPrice | $0.060 | $0.080 |
| CryptoPredictions.com | $0.058 | $0.064 |
Cryptopolitan’s VeChain (VET) price prediction
Cryptopolitan’s predictions show that VeChain will achieve a high of $0.15 in the second half of 2024. In 2025, it will range between $0.14 and $0.17, with an average of $0.16. In 2030, it will range between $0.45 and $0.50, with an average of $0.50. Note that these predictions are not investment advice. Seek independent professional consultation or do your research.
VeChain historic price sentiment
- VeChain began in 2015 as a private consortium chain for blockchain applications. It transitioned to a public blockchain with the ERC-20 token VEN in 2017 and launched its mainnet as VET in 2018.
- In 2018, VeChain partnered with DHL to develop blockchain solutions for logistics but saw a significant price correction, stabilizing at lower levels.
- The price remained relatively stable in 2019 and 2020 with occasional spikes, as VeChain continued to develop technology and form partnerships.
- In 2021, VeChain’s price surged to an all-time high of $0.20 in May but dropped to $0.070 by December.
- In 2022, VeChain attempted to recover but remained below $0.10, with continued volatility throughout the year and into early 2023.
- Towards the end of 2023, the price saw a slight uptick, stabilizing around $0.020 by early 2024.
- In 2024, VeChain’s price fluctuated, recovering to $0.025 by mid-March but dropping due to bearish trends, reaching a low of $0.019 by August.
- In September, it traded around $0.021 but managed to end the month above the $0.024 mark. In October, the price remained mostly stable with the occasional bearish movement causing a decline from the $0.02400 level to start November at the $0.02100 price level.
- The asset closed November at a high level with prices near the $0.04600 mark with a strong bullish outlook. December only saw the bulls take the price higher as the $0.0500 resistance was crushed swiftly.
